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Technology Stocks : Edify (EDFY) IPO -- Any Comments? -- Ignore unavailable to you. Want to Upgrade?

To: TQR who wrote (331)	6/30/1999 3:24:00 PM
From: tuck	Respond to of 355

TQR, Well, SONE is up. From a technical standpoint, it just blew through a couple of resistance levels. Whether this is a sign of impending news specific to the stocks, sympathy with the happy market, or both, I couldn't say. In any case, this rally came just in time to save my fiscal tail. I'll be looking to write calls to lock in some of these recent gains. The question, as always, is when. Good Luck, Tuck

To: TQR who wrote (331)	7/8/1999 12:53:00 PM
From: tuck	Respond to of 355

TQR, Barring an unexpected and positive announcement, I don't see much more upside till the fall. A Robinson Humphrey analyst has just given S1 a six month target of $50. The only other number I've seen is a 12 month (I think) target in the high 60s. So this becomes a trading stock near the top of its range now. I am writing my calls on Edify, figuring to get more income capturing healthy time premium for a few months. Once the merger is done, the picture should be clearer for everyone, and I'll look at going long unhedged in the new S1 at that time. Just my opinion with today's info, of course, but putting my money where my mouth is. Best of Luck. Cheers, Tuck